Dihonuring Cheques by borrowers & cases u/s 138 by Lenders or crediters

Dihonuring Cheques by borrowers & cases u/s 138 by Lenders or crediters

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NARENDRA KANAKIA started this petition to union law minister

It's a shock & bitter experience for anyone when banker of the cheque issuing party dishonors cheque issued by that party to anyone for payment of amount mentioned in that cheque, when presented by the banker of receiving party. It's a breach of trust as once the cheque issued by anyone , and is accepted with trust by anyone, then it must be honoured, coz the cheque is accepted with trust on the issuing party that payment so issued will be realised. If that trust is broken, then its breach of trust.and so the party who dont get that payment, gives legal notice through their Lawyer to the cheque issuing party to make payment within 15 days. If even after that , debtor party fail to make payment, then creditor has no option but to file criminal case in u/s 138. Now here in the court ,it takes around 5 to 6 years for the final order by the court. This is the main reason why cheque issuing party is not worried for dishonoring the cheque. So reason of my appeal to the Union Law minister is that, there should be amendment in criminal law so as to make provision for immidite arrest of cheque issuing party if cheque is dishonoured and if payment not made within 15 days of 1st notice. Then let the court procedure of hearing the matter & to give order continued in the court. So I request everyone to support me. Coz lakhs & lakhs genuin peoples are suffering due to loop holes in this criminal section 138. So I request to Union Law minister to take immediate action in this matter to help out innocent people who suffers without their fault.

 

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